Strategy for Economics Optional

Stated below are the strategies to handle Economics for IAS Exams. Following mentioned are the essential topics that are helpful to score the maximum marks is the minimum time. It is necessary and vital to remember to read up on other topics as well as soon as you are done with these topics.

Crucial Topics

Basic Economic Indicators: (Statistical Data)

National Income

Production

Price Index

Foreign Trade

Population

Features of Indian Economy

Division of Economic activities

Unemployment-Types

Poverty-HDR-Measures to eliminate poverty

Population

Population growth

Population policy 2000

Census-2001

Consumption Pattern-Energy Consumption-Sources of energy-various programmes National Income

Methods of National Income calculation

Concepts of National Income

Agriculture

Importance

Crops and seasons

Agricultural Credit agencies. NABARD, RRB. Etc.

Kisan Credit Schemes

Land Reforms

Agricultural Insurance, NAIS, Seed Crop Insurance

Green, Yellow, White, Blue revolutions

Irrigation projects-Drip irrigation

Development measures

Industry

Industrial Policies-1948, 1956, 1991-Initiatives taken

Small Scale Industries

Various key industries

Various Committees and their recommendations

Industrial sickness

Dis investment-PSE Policy

Industrial Finance

Money and Banking

Aspects of money market

Credit Control-Various Rates

Commercial Banks, Co-operatives, NBFC.

Committees and recommendations

SEBI-Stock market developments

Insurance Industry

New Banking Sector reforms

Inflation, Deflation

Money supply measures

Foreign Trade

Composition and direction

Exim policy and other Acts

Foreign Trade improvement measures taken

WTO

BOP

International Organisation, Development and employment Programmes and Planning